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CACG or CACG-L Less Only?

cameonut2011cameonut2011 Posts: 10,055 ✭✭✭✭✭
edited January 6, 2024 10:24AM in U.S. Coin Forum

I have not been following the hobby as closely lately and have been on a semi-hiatus. As such, I am trying to keep up with trends in the certified U.S. coin market. Many of you previously stated that you were “CAC only” or “PCGS CAC only.” Are any of you now “CACG only” or even perhaps more selectively “CACG-L less only?” (see thread below for context)

https://forums.collectors.com/discussion/1099188/is-cacg-non-legacy-worth-more-than-cacg-legacy#latest

Comments

  • DropdaflagDropdaflag Posts: 757 ✭✭✭✭

    For me, it is way too early in the game to have a feel for the final score.

  • JW77JW77 Posts: 450 ✭✭✭✭✭

    Up to this point I have only collected PCGS CAC, primarily because most of my coins are acquired through auction and I am typically unable to see coin in hand. The CAC green bean was additional assurance for me as to the quality of the coin specifically confirming surface condition. I was also working on a PCGS CAC registry set which is now complete. With that being said, since new acquisitions are not going towards any particular PCGS registry I am planning on opening up to adding CACG to my collection. My new thinking is PCGS CAC, CACG L, or CACG are all on the table for me; however, I will not pay a premium for one over the other. If market prices are similar I would have no issue buying anyone of the three.

  • alaura22alaura22 Posts: 2,488 ✭✭✭✭✭

    Still only PCGS CAC
    No need for the others

  • bagofnickelsbagofnickels Posts: 347 ✭✭✭✭

    I just bought my first CACG coin, hopefully it will show up in a day or two. I would have bought it in any holder though. I have coins from NGC and PCGS with and without CAC stickers, ANACs as well plus lots of raw stuff. So honestly if the coin strongly appeals to me I'll buy it. Unless the price is ridiculous.

  • stevebensteveben Posts: 4,592 ✭✭✭✭✭

    grading changes over time...i prefer PCGS CAC...but I like NGC CAC and CACG-L because there are at least two grading services getting behind the grade. in my experience, having two opinions is always better than one.

  • Cougar1978Cougar1978 Posts: 7,470 ✭✭✭✭✭
    edited January 6, 2024 2:52PM

    I would say CACG only for me in terms of any CAC material procurement at this time. The exception wb PCGS or NGC CAC material offered to me at my table at a show if the deal is there.

    So Cali Area - Coins & Currency
  • marcmoishmarcmoish Posts: 6,161 ✭✭✭✭✭

    @Luxor said:
    Accugrade or NumisTrust only, and only if they have PVC.

    comment of the nite, lol!

  • EastonCollectionEastonCollection Posts: 1,243 ✭✭✭✭✭

    Interesting discussion but its way too early to tell. At Scott Travers Friday discussion, he had JA and David Hall discussing the TPG services. Very enlightening. More folks should have been there.

    Easton Collection
  • EastonCollectionEastonCollection Posts: 1,243 ✭✭✭✭✭

    But clearly to me, CAC graded coins are being graded tougher than the other services. `

    Easton Collection
  • cameonut2011cameonut2011 Posts: 10,055 ✭✭✭✭✭

    @EastonCollection said:
    Interesting discussion but its way too early to tell. At Scott Travers Friday discussion, he had JA and David Hall discussing the TPG services. Very enlightening. More folks should have been there.

    I wish I could have been there.

  • cameonut2011cameonut2011 Posts: 10,055 ✭✭✭✭✭

    @Luxor said:
    Accugrade or NumisTrust only, and only if they have PVC.

    But only on Tuesdays.

  • WalkerfanWalkerfan Posts: 8,846 ✭✭✭✭✭
    edited January 7, 2024 6:39AM

    I’m happy with a mix of NGC and PCGS Coins, that are both stickered and non-stickered. Don’t own any CACG Coins, and have no plans on acquiring any anytime soon. That’s not to say that I won’t ever buy any but I am certainly not crossing anything.

    “I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~

    My Full Walker Registry Set:

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • Walkerguy21DWalkerguy21D Posts: 11,073 ✭✭✭✭✭

    @Luxor said:
    Accugrade or NumisTrust only, and only if they have PVC.

    Perfect coins to offer the “I pay 20 back” dealers….

    Successful BST transactions with 170 members. Recent: Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
  • Cougar1978Cougar1978 Posts: 7,470 ✭✭✭✭✭
    edited January 7, 2024 9:18AM

    Some interesting views here a nice example of the diversity in the numismatic area. Guy I buy from his table at shows sometimes is 10 back / 10 over CDN Bid or so he says. But 20 back not uncommon for many. The 2 shops I frequented years ago that was sop for numismatic material.

    Another does nothing but currency perhaps has the largest inventory of TPG notes. Have fun doing your thing, work your angle, don’t let them bug u. Right now looking for nice $10 Brownback NBN’s

    So Cali Area - Coins & Currency
  • orevilleoreville Posts: 11,758 ✭✭✭✭✭
    edited January 7, 2024 10:24AM

    Amazing how Accugrade slabbed coins went into hiding like the civil war statutes in the southern US. I saved a few of them for historical purposes in case the younger generation claims they never existed.

    But my Accugrade slabbed coins must be free of PVC just only overgraded by at least two or three grades.

    A Collectors Universe poster since 1997!
  • cameonut2011cameonut2011 Posts: 10,055 ✭✭✭✭✭

    @oreville said:
    Amazing how Accugrade slabbed coins went into hiding like the civil war statutes in the southern US. I saved a few of them for historical purposes in case the younger generation claims they never existed.

    Do you mean statues?

  • jkrkjkrk Posts: 953 ✭✭✭✭✭

    My understanding is that ...The expectation going in was that CACG would grade tougher than either PCGS or NGC. The question was always, would a CACG 63 (for example) which was previously a NGC 64
    sell for a higher or lower price than previous? What about 64's to 62's? Seems to me that money will be made by identifying the NGC/pcgs coins (without stickers) which will grade the same under the new CACG standards. Looking at the coin and projecting a grade will probably make a bit of a comeback? With too few CACG coins presently on the market and too few sales we have a bit of time before we can reach any conclusion.

  • cameonut2011cameonut2011 Posts: 10,055 ✭✭✭✭✭

    @jkrk said:
    My understanding is that ...The expectation going in was that CACG would grade tougher than either PCGS or NGC. The question was always, would a CACG 63 (for example) which was previously a NGC 64
    sell for a higher or lower price than previous? What about 64's to 62's? Seems to me that money will be made by identifying the NGC/pcgs coins (without stickers) which will grade the same under the new CACG standards.

    There are some reports of MS64 and MS65 20th century type coins going down to AU58. That’s a stark difference. I don’t think the market will absorb all of that. I’d be interested in hearing CACG’s official stanch on “cabinet friction.” If it acts similarly in early federal coinage, there is a lot of bust coinage that will take a hit grade wise.

  • Project NumismaticsProject Numismatics Posts: 1,284 ✭✭✭✭✭

    I buy eye appeal. It comes in all holders and sometimes not in a holder at all (gasp!).

    However, when buying an expensive* coin outside my expertise*, I prefer CAC + NGC or PCGS.

    *Everyone’s definition of expensive, expertise and level of risk tolerance varies. The key to avoiding mistakes is to know what you know and know what you don’t know.

  • orevilleoreville Posts: 11,758 ✭✭✭✭✭
    edited January 7, 2024 4:06PM

    You > @cameonut2011 said:

    @oreville said:
    Amazing how Accugrade slabbed coins went into hiding like the civil war statutes in the southern US. I saved a few of them for historical purposes in case the younger generation claims they never existed.

    Do you mean statues?

    You proved my point!!!

    I already forgot how to spell statues!!!

    A Collectors Universe poster since 1997!
  • jmlanzafjmlanzaf Posts: 31,338 ✭✭✭✭✭

    @cameonut2011 said:

    @oreville said:
    Amazing how Accugrade slabbed coins went into hiding like the civil war statutes in the southern US. I saved a few of them for historical purposes in case the younger generation claims they never existed.

    Do you mean statues?

    Both

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